Latham, Skadden act on PropertyGuru’s $431 mln SPAC listing

BY Aparna Sai |

​​​​​​​Latham & Watkins has advised Southeast Asian online realty company PropertyGuru on its planned $431 million New York listing via merger with blank-check firm Bridgetown 2, which was represented by Skadden, Arps, Slate, Meagher & Flom.

CLOSING SOON: ALB Firms to Watch (Indonesia) 2021

BY Asian Legal Business |

Indonesia has been seeing the rise of some quality smaller law firms that are punching well above their weight in terms of work handled and services delivered.

Unicorn Wave

BY Elizabeth Beattie |

The recently announced Gojek-Tokopedia merger has once again brought Indonesia’s booming tech sector into the headlines. And given the country’s immense potential, this boom is set to continue for some time to come.

Cleary, AHP advising Garuda Indonesia on strategy following default

BY Reuters |

Cleary Gottlieb Steen & Hamilton and Assegaf Hamzah & Partners are advising airline Garuda Indonesia on its strategy after the flag carrier said it could not distribute coupon payments for its $500 million sukuk following a 14-day grace period.

CC acts on Indonesia’s first sustainability-linked bond

BY Aparna Sai |

Clifford Chance has advised the joint bookrunners on PT Japfa Comfeed's $350 million sustainability linked bond (SLB) issuance, Indonesia’s first SLB and the world's first by an agri-food company.

Indonesia Rising Stars 2021

BY Aparna Sai, Asian Legal Business |

Young lawyers in the Indonesian legal community are making their mark in the market. In its third annual list of the ALB Indonesia Rising Stars, Asian Legal Business has listed 24 lawyers who are achieving results for their clients and setting high standards in the Indonesian legal space. The list is in alphabetical order and certain lawyers have been profiled.

Ready for Takeoff

BY Ranajit Dam |

This year promises to be an exciting one for Indonesia’s fintech sector. While it still focuses on two main verticals—electronic payment and peer-to-peer (P2P) lending—the Indonesian fintech sector has grown to cover other verticals, such as aggregators, innovative credit scoring, financial planning, and project financing. Lawyers talk about what’s on the horizon for this booming industry.

In conversation with Erwandi Hendarta –One of ALB’s Top 15 M&A Lawyers in Asia [Brought to you by HHP Law Firm]

BY Asian Legal Business |

It is not surprising that the brightest silver lining has been the increase of digitilization. It opens up many possibilities from doing fintechs to data centers. The impact is that it requires lawyers to be more sophisticated and to have the ability to synthesize things, to see things as interlinked and in holistic ways.

In conversation with Luky I. Walalangi – One of ALB’s Top 15 M&A Lawyers in Asia [Brought to you by  Walalangi & Partners]

BY Asian Legal Business |

Counsel to Mitbana Pte Ltd, a joint venture company of Mitsubishi Corporation (MC) and Surbana Jurong (SJ), in the biggest and first-of-its-kind integrated smart and sustainable Transit-Oriented Developments (TODs) in BSD City, where the Project transform hundreds of hectares of greenfield land into TODs, including railways and public transport nodes, which expand BSD’s population of 200,000 residents.

Turning Tide

BY Ranajit Dam |

Although the COVID-19 pandemic ensured Indonesia’s GDP is expected to contract by 1 percent in 2020, Southeast Asia’s largest economy is set to bounce back strongly this year. Lawyers in the country talk about how the pandemic impacted their work, and also some of the important lessons they have taken away from this period.

Hogan Lovells’ Indonesia associate firm adds partner from Soemadipradja

BY Aparna Sai |

Hogan Lovells DNFP, the Jakarta-based associate firm of Hogan Lovells is set to welcome corporate and finance specialist Mochamad Kasmali as a partner from Soemadipradja

Onward with Disgorgement and Fund Disgorgement [Brought to you by Armila & Rako Law Offices]

BY Michel Rako, Bezaliel Erlan |

Like the SEC’s Rules of Practice and Rules on Fair Fund and Disgorgement Plans in the US, Indonesia now has a rule for disgorgement and disgorgement funds to protect and award damages to capital market investors losses due to what so-called unlawful profits.